True Blue reported in their early rfilings that branches fully mature in 6 months. Schadel reported in his initial filings that it would take up to 9 months. But let's not pretend that all the branches are brand new. A lot of money was spent last year buying existing branches. So, for YOY revenue to be LESS for Q1 and Q2 with double the branches is appalling by any measure.
LOL well if we want to go there than that can be said about the branches in 2014 as well LOL and if we take the time to really DD tis CEO claimed that one of the new branches did 100 grand its first month. And then we also might want to lookup and see how many were branches purchased that were ones already established. And if we choose to ignore all of that please explain how when you have 15 branches thats 15 branches added and yet they not only didn't double their revenues they didn't even equal the 15 of 2014. LOL lets not even talk revenues as thats not going to work here
LTNC is moving forward. The Company took/takes losses(duh)..obviously for the greater good, because the CEO seems to feel pretty good about the past two quarters, and the over-all business in general. I am really liking what I have been reading from the past Qs, and looking forward to seeing what the Qs to come have to offer. Lets see what the 10Q has in-store..I'll be accumulating until then.
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